Authored by Wolf Richter via Wolf Street, There are about $2.3 trillion in multifamily commercial real estate (CRE) loans out there, backed by buildings with rental apartments. The US government, via Fannie Mae and Freddie Mac, holds about $1.2 trillion of that.
Commercial real estate is under increasing financial stress due to refinancing at higher interest rates, leading to significant equity losses, especially in office and multi-family properties. CMBS delinquency rates have exceeded levels seen during the Great Financial Crisis, reaching 8%, with…
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 19-plus years’ experience covering the commercial real estate industry and 35-plus years in business-to-business journalism. In this capacity, he oversees daily operations…
News | Blackstone lands better terms on $3.34 billion apartment refinancing CoStar Blackstone lands better terms on $3.34 billion apartment refinancing - CPP Investments-led venture acquires five Ontario logistics properties for $585.8 million --------------------------------------------------------------- - Benefit Street closes $1.1 billion commercial real estate debt deal --------------------------------------------------------------- - Clarion closes European…
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 19-plus years’ experience covering the commercial real estate industry and 35-plus years in business-to-business journalism. In this capacity, he oversees daily operations…
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 19-plus years’ experience covering the commercial real estate industry and 35-plus years in business-to-business journalism. In this capacity, he oversees daily operations…
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The commercial real estate sector was abuzz this week by the news that the investment behemoth Blackstone is liquidating a large multifamily portfolio to pay back the remainder of a loan after missing its maturity payment on Oct. 9. The portfolio…
A massive wall of commercial real estate debt is coming due now and over the next two years, and today's high interest rates will make refinancing significantly more expensive. For some, that is cause for concern, but for others that…
News | Higher rates squeeze CMBS refinancings; New York tower sale falls apart; Borrower shrinks California mall debt CoStar Higher rates squeeze CMBS refinancings; New York tower sale falls apart; Borrower shrinks California mall debt - Alea European Living Fund targeting up…
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